Pet Smart Wearable Device Market to Witness Massive Growth | Major Giants KYON, PetPace, FitBark, Tractive

The Pet Smart Wearable Device Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2024-2030. The exploration provides a 360° view and insights, highlighting major outcomes of Pet Smart Wearable Device industry. These insights help business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emerging players in understanding the businesses to make well-informed decisions. Some of the major and emerging players within the market are Mars Petcare (Whistle Labs), PetPace, FitBark, Tractive, i4C Innovations Corp, Garmin International, Cybortra Technology, KYON.

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The pet smart wearable device can realize the four functions of pet health monitoring, pet location monitoring, pet socializing, and pet communication.

Pet medical care is the second largest segment in pet industry. In the UK, annual spending on veterinary and other pet services has risen from £2.6bn in 2015 to £4bn in 2021, a 54% increase in just six years. According to Vetnosis, the value of the global animal health industry will increase by 12% to $38.3 billion in 2021. White Paper on China's Pet Healthy Consumption of JD shows that in 2023, there are 13.09 million pets entering middle age and old age. And pet aging is expected to be seen in the next few years. Changes in the age structure of pets will further bring about the development of the pet medical industry. According to the data of the 2022 China Pet Medical Industry White Paper, from the perspective of market size, the scale of China's pet medical market is about ¥67.5 billion, accounting for about 22.5% of the entire pet industry. From the perspective of hospital operation time, pet hospitals within 5 years accounted for about 73%. About 11% of the pet hospitals have been in operation for more than 10 years. From the perspective of hospital turnover, nearly 40% of the hospitals have increased their annual turnover year-on-year, and the growth rate is mainly within 436%.

By end users/application, the market is sub-segmented as Identification and tracking, Behavior monitoring and control, Safety and security, Medical diagnosis and treatment

Breakdown by type, the market is categorized as: RFID, GPS, Sensors

Players profiled in the report: Mars Petcare (Whistle Labs), PetPace, FitBark, Tractive, i4C Innovations Corp, Garmin International, Cybortra Technology, KYON

Regional Analysis for Pet Smart Wearable Device Market includes: North America, Europe, Asia-Pacific etc

The Global Pet Smart Wearable Device Market study covers ongoing status, % share, upcoming growth patterns, development cycle, SWOT analysis, sales channels & distributions to anticipate trending scenarios for years to come. It aims to recommend an analysis of the market by trend analysis, segment breakdown, and players' contribution in Pet Smart Wearable Device market upliftment. The market is sized by 5 major regions i.e., North America, Europe, Asia Pacific (includes Asia & Oceania separately), Middle East and Africa (MEA), and Latin America, and further broken down by 18+ jurisdictions or countries like China, the UK, Germany, United States, France, Japan, India, group of Southeast Asian & Nordic countries, etc.

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For Consumer-Centric data, demand-side or survey analysis can be added in the final deliverable as part of customization that would include analysis and consumer behavior of Pet Smart Wearable Device Market by demographic factors such as Age, Gender, Occupation, Income Level or Education. {*subject to data availability and feasibility}

Consumer Traits Includes Following Patterns**
Consumer Buying patterns (e.g., comfort & convenience, economical, pride)
Customer Lifestyle (e.g., health conscious, family orientated, community active)
Expectations (e.g., service, quality, risk, influence)

Major Highlights from the Global Pet Smart Wearable Device Market factored in the Analysis

Pet Smart Wearable Device Market Measures & Parameters Addressed in Study: The report highlights Pet Smart Wearable Device market features such as segment revenue, weighted average selling price by region, capacity utilization rate, production & production value, % gross margin by company, consumption, import & export, demand & supply, cost bench-marking of the finished product in Pet Smart Wearable Device Industry, market share and annualized growth rate (Y-o-Y) and % CAGR.

Major Strategic Pet Smart Wearable Device Market Developments: Activities such as Research & Development (R&D) by phase, ongoing and completed Merger & Acquisition (M&A) [deal value, purpose, effective year], Joint ventures (JVs), Technological tie-ups, Suppliers partnerships & collaborations, agreements, new launches, etc taken by Pet Smart Wearable Device Industry players during the projected timeframe of the study.

What unique qualitative insights are included in Pet Smart Wearable Device Market research study?
The Global Pet Smart Wearable Device Market report provides rigorously studied and evaluated data of the top industry players and their scope in the market by means of various analytical tools. To gain a deep dive analysis; qualitative commentary on changing market dynamics {drivers, restraints & opportunities}, PESTLE, 5-Forces, Feasibility study, BCG matrix (% Share vs % Growth), SWOT by players, Heat Map analysis, etc have been provided to better correlate key players product offering in the market.

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Extracts from Table of Contents :
1. Pet Smart Wearable Device Market Overview
- Market Snapshot
- Definition
- Product Classification
2. Pet Smart Wearable Device Market Dynamics
- Drivers, Trends, Restraints......
- Market Factors Analysis
3. New Entrants and Entry-barriers
4. Standardization, Regulatory and collaborative initiatives
- Manufacturing Process Analysis
- Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers
5. Global Pet Smart Wearable Device Market Competition by Manufacturers (2021-2024)
6. Pet Smart Wearable Device Market Value [USD], Capacity, Supply (Production), Consumption, Price, Export-Import (EXIM), by Region (2024-2030)
.......
7. Pet Smart Wearable Device Revenue (Value), Production, Sales Volume, by Region (2024-2030)
8. Pet Smart Wearable Device Market Trend by Type {RFID, GPS, Sensors}
9. Pet Smart Wearable Device Market Analysis by Application {Identification and tracking, Behavior monitoring and control, Safety and security, Medical diagnosis and treatment}
10. Pet Smart Wearable Device Market Manufacturers Profiles/Analysis
- Market Share Analysis by Manufacturers (2023-2024E)
- Manufacturers Profiles (Overview, Financials, SWOT, etc)
- Connected Distributors/Traders
- Marketing Strategy by Key Manufacturers/Players

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